JPMorgan Buys WePay in Major Fintech Move
The bank is reportedly paying more than $220 million to join a wave of Wall Street acquisitions of fintech startups.
Consumer Loans Drive JPMorgan Earnings Beat
The bank reports average core loans rose 8% in the third quarter, offsetting a 27% drop in fixed income trading revenue.
Vantiv Agrees to Worldpay Merger
The deal between the payment processing companies is expected to trigger more mergers in the payment space.
Major Banks’ Earnings Beat Q4 Expectations
Consumer banking is driving growth, with deposits and interest income rising at Bank of America, JPMorgan Chase, and Wells Fargo.
JPMorgan Settles With FDIC Over WaMu Deal
The bank will receive $645 million from the WaMu receivership estate in exchange for dropping more than $1 billion in indemnification claims.
JPMorgan Posts ‘Big Revenue Surprise’ in Q2
The 4.7% increase in net sales suggests the bank is weathering low interest rates and the U.K.'s Brexit vote.
JPMorgan Chase Urges ‘No’ Vote On Breakup Proposal
Would the divestiture of all non-core banking business segments enhance shareholder value? JPMorgan's board of directors doesn't think so.
JPMorgan to Pay Insurer $995M in MBS Case
The settlement “validates our resolve and reinforces our confidence in our remaining RMBS-related cases," said Ambac's CEO.
JPMorgan Posts Record Annual Earnings
The U.S. economy "still looks OK," according to CEO Jamie Dimon.
JPMorgan Chase to Keep a Tighter Rein on Earnings Numbers
To prevent a premature release of earnings numbers, the bank announces it will no longer send out full results on the newswires.
Banks Seen as Ready to Handle Fintech Upstarts
A new survey says Goldman Sachs and JPMorgan Chase will be the main beneficiaries of innovations such as the blockchain.